Teleperformance AML and KYC Analyst Interview Questions and Answers

KYB is the process of verifying the identity and legitimacy of a business entity.

• KYB involves collecting and verifying information about a business, such as registration documents, ownership details, and financial statements.

• It helps in assessing the risk associated with doing business with a particular entity.

• KYB is important for compliance with regulations and preventing financial crimes like money laundering and fra...read more

Anti money laundering (AML) refers to a set of laws, regulations, and procedures designed to prevent criminals from disguising illegally obtained funds as legitimate income.

• AML involves detecting and reporting suspicious activities that may be related to money laundering or terrorist financing.

• Financial institutions are required to have AML programs in place to comply with regulations.

• Examples of AML measures include c...read more

KYC process refers to the verification of a customer's identity and assessing their risk factors to prevent financial crimes.

• KYC stands for Know Your Customer

• It involves verifying the identity of customers using documents like ID cards, passports, etc.

• KYC process helps in preventing money laundering, terrorist financing, and other financial crimes

• Financial institutions are required by law to conduct KYC checks on their

Sanctioned countries are those that have been identified as posing a threat to national security or international peace.

• Sanctions are imposed on countries for various reasons such as human rights violations, terrorism support, nuclear proliferation, and aggression towards other nations.

• Examples of sanctioned countries include Iran, North Korea, Syria, and Venezuela.

• Sanctions can include trade restrictions, financial pe...read more

AML focuses on detecting and preventing money laundering activities, while KYC focuses on verifying the identity of customers.

• AML aims to identify and report suspicious activities that may indicate money laundering or terrorist financing

• KYC involves verifying the identity of customers to ensure they are who they claim to be

• AML regulations require financial institutions to have robust AML programs in place to detect and...read more